Federal Direct Unsubsidized Stafford Loans - are NOT based on financial need. Interest is charged from the time the loan is
disbursed until it is paid in full. You can pay the interest while you are in school
and during grace periods and deferment or forbearance periods, or you can allow it
to accrue and be capitalized (that is, added to the principal amount of your loan).
If you choose not to pay the interest as it accrues, this will increase the total
amount you have to repay because you will be charged interest on a higher principal
amount.

For Federal Direct Stafford Loans, there is a loan fee that is a percentage of the
amount of each loan you receive. For loans first disbursed between July 1, 2017 and
June 30, 2018, the loan fee is 1.068%, which be deducted proportionately from each
loan disbursement. The specific loan fee that you are charged will be reflected on
a disclosure statement sent by the Federal government.